Wilson Kelli Ann 4

What Happened

• Kelli Ann Wilson, EVP & Chief Banking Officer of Heritage Financial Corp (HFWA), received a grant of 5,037 restricted stock units (RSUs) on February 25, 2026. The award is reported at $27.54 per share, totaling $138,719 (transaction code A — award/acquisition). This is a compensation award (derivative grant), not an open-market purchase.

Key Details

• Transaction date: 2026-02-25; reported on Form 4 filed 2026-02-27.
• Grant size and value: 5,037 RSUs × $27.54 = $138,719.
• Acquisition price: $0.00 (footnote F2 indicates no cash paid).
• Vesting: 3-year ratable vesting, with final vesting on March 15, 2029 (footnote F3).
• Shares owned after transaction: not specified in the filing.
• Transaction type/code: A (award/grant); reported as a derivative (RSU).
• Filing timeliness: no late filing indicated in the report.

Context

• RSUs are a form of equity compensation; they convert to shares only as they vest, so this grant does not represent immediate marketable shares. Such awards are common executive compensation and are routinely reported.